Why is “1000000000000000 in range(1000000000000001)” so fast in Python 3?

Question

It is my understanding that the range() function, which is actually an object type in Python 3, generates its contents on the fly, similar to a generator.

Answer 1

The other answers explained it well already, but I'd like to offer another experiment illustrating the nature of range objects:

>>> r = range(5)
>>> for i in r:
        print(i, 2 in r, list(r))

0 True [0, 1, 2, 3, 4]
1 True [0, 1, 2, 3, 4]
2 True [0, 1, 2, 3, 4]
3 True [0, 1, 2, 3, 4]
4 True [0, 1, 2, 3, 4]

As you can see, a range object is an object that remembers its range and can be used many times (even while iterating over it), not just a one-time generator.